>Auction Results

Auction 9

RGGI Auction 9 was held on September 8, 2010 and monitored by Potomac Economics, an independent monitor of electricity markets retained to evaluate the RGGI CO2 allowance market. Potomac observed the auction and confirmed that there was no material evidence of collusion or manipulation by bidders, and that the vast majority of bids were consistent with competitive expectations.

A total of 56 qualified bidders, listed by name in section 4 below, submitted an Intent to Bid in the auction.

The following statistics summarize the purchases and holdings of allowances by electric generators and their corporate affiliates ("compliance entities") under the RGGI program:

In Auction 9, compliance entities and their affiliates purchased:

92 percent of the current control period allowances sold and

100 percent of the future control period allowances sold.

In the first nine RGGI auctions, compliance entities and their affiliates purchased:

83 percent of the current control period allowances sold,

96 percent of the future control period allowances sold, and

84 percent of all allowances sold.

Compliance entities and their affiliates will hold 95 percent of the allowances in circulation following the settlement of allowances sold in Auction 9.

3. Dispersion of Bids

Bids were widely dispersed across both compliance entities and non-compliance entities in both the current and future control period offerings.

In the auction for current control period allowances, most of the bidders that submitted a large number of bids (e.g., at least 2 million tons which is 6 percent of the available supply) were compliance entities. Overall, compliance entities accounted for 92 percent of the quantity of bids submitted in the current control period auction.

In the auction for future control period allowances, most of the bidders that submitted a large number of bids (e.g., at least 100,000 tons which is 5 percent of the available supply) were compliance entities. Overall, compliance entities accounted for 100 percent of the quantity of bids submitted in the future control period auction.

The following figure summarizes the quantities of bids submitted in the two auctions by all bidders.

Quantity of Bids Submitted By Type of Entity and Quantity Bid

4. Qualified Bidders

The following 56 qualified bidders submitted their intent to bid in the auction.

Adirondack Council Inc.

AES Eastern Energy, LP

Aircraft Services Corporation

ANP Funding I, LLC

Astoria Energy, LLC

Astoria Generating Company, LP

Barclays Bank PLC

Boston Generating, LLC

Brick Power Holding, LLC

Bridgeport Energy, LLC

Brooklyn Navy Yard Cogen Partners, LP

Caithness Long Island, LLC

Calpine Energy Services, LP

Castleton Power, LLC

Conn. Municipal Electric Energy Coop.

ConocoPhillips Company

Consolidated Edison Comp. of NY, Inc.

Constellation Energy Commodities Group

Delaware Municipal Electric Corp.

Dominion Energy Marketing, Inc.

DTE Carbon, LLC

Dynegy Marketing and Trade, LLC

E.ON Energy Trading SE

EquiPower Resources

GDF SUEZ Energy Marketing NA, Inc.

Granite Ridge Energy, LLC

H.Q. Energy Services (US) Inc.

Hess Corporation (G)

Indeck-Corinth Limited Partnership

Indeck-Olean Limited Partnership

Indeck-Oswego Limited Partnership

Indeck-Yerkes Limited Partnership

J-Power USA Development Co., Ltd.

Koch Supply & Trading, LP

Massachusetts Muni. Wholesale Elec. Co.

Massachusetts Water Resources Authority

Millennium Power Partners, LP

Mirant Energy Trading, LLC

National Grid Gen. dba National Grid

New Athens Generating Company, LLC

NextEra Energy Power Marketing, LLC

North American Energy Alliance, LLC

NRG Power Marketing, LLC

Panda Brandywine, LP

Power Authority of the State of New York

PPL EnergyPlus, LLC

PSEG Energy Resources & Trade, LLC

Public Service Company of New Hampshire

RBC

Rochester Gas and Electric Corporation

Selkirk Cogen Partners, LP

TAQA Gen X, LLC

TransCanada Power Marketing, Ltd.

Verso Paper Corp.

Vitol Inc.

Wing Fuel, LLC

Allowance Prices and Volumes (by Auction)

This chart displays the results of each RGGI CO2 Allowance Auction. To view a state-by-state breakdown for each auction, click on the auction number listed in the left-hand column.

Cumulative Allowances & Proceeds (by State)

This chart displays cumulative auction results organized by state. To view a complete breakdown by auction and allowance control period for each state, click on the state name listed in the left-hand column.